Roth Capital Initiates Coverage on Fathom (NASDAQ:FTHM)

Equities researchers at Roth Capital initiated coverage on shares of Fathom (NASDAQ:FTHM) in a research report issued to clients and investors on Monday. The firm set a “buy” rating and a $2.50 price target on the stock. Roth Capital’s target price would indicate a potential upside of 127.27% from the company’s previous close.

A number of other research analysts also recently commented on FTHM. Weiss Ratings reiterated a “sell (d-)” rating on shares of Fathom in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Fathom to a “hold” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Fathom has a consensus rating of “Hold” and an average target price of $2.50.

Fathom Trading Up 2.8%

NASDAQ:FTHM opened at $1.10 on Monday. Fathom has a 12 month low of $0.65 and a 12 month high of $3.37. The business’s 50-day moving average is $1.26 and its two-hundred day moving average is $1.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $35.63 million, a PE ratio of -1.36 and a beta of 1.88.

Fathom (NASDAQ:FTHM) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Fathom had a negative return on equity of 45.99% and a negative net margin of 4.70%.The company had revenue of ($0.11) million during the quarter, compared to analysts’ expectations of $102.12 million. Research analysts predict that Fathom will post -1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTHM. Union Square Park Capital Management LLC bought a new position in Fathom during the third quarter valued at about $810,000. Vanguard Group Inc. boosted its position in shares of Fathom by 73.2% in the 3rd quarter. Vanguard Group Inc. now owns 784,003 shares of the company’s stock valued at $1,411,000 after purchasing an additional 331,316 shares during the period. Aristides Capital LLC acquired a new stake in Fathom during the 3rd quarter worth about $360,000. Finally, Virtu Financial LLC purchased a new position in shares of Fathom in the third quarter worth approximately $61,000. 55.49% of the stock is currently owned by institutional investors.

About Fathom

Fathom Holdings Inc provides a real estate services platform that integrates residential brokerage, mortgage, title, and insurance services in the United States. It operates through three segments: Real Estate Brokerage, Mortgage, and Technology. The Real Estate Brokerage segment provides real estate brokerage services. The Mortgage segment offers residential loan origination and underwriting services. The Technology segment provides Software as a Service solutions and data mining for third party customers.